Advantages and Disadvantages of Franchising

Advantages and Disadvantages of Franchising Franchising Franchising is arrangement where one party (the franchiser) grants another party (the franchisee) the right to use trade-name as well as certain business systems and processes, to produce and market good or service according to certain specification. The franchisee usually pays a one-time franchise-fee plus a percentage of sales revenueas royalty, and gains immediate name cognition, tried and tested products, standard building and decor,detailed technique in running and promoting the business, training of employees, and ongoing help in promoting and upgrading of the products. The franchiser gains rapid expansion of business and earningsat minimum capital-outlay. Feature of the franchise is that each buyer undertakes to fulfill the various conditions and requirements of the seller (franchiser), related to the production and sale of goods and the provision of related services to consumers. Thus, in the world market there are groups of companies united in a single system under the auspices of a major international corporation. Its partners in the contract the franchisor provides advice on corporate location, selects equipment, helps in training, advice on management, and may also provide financial assistance. All this facilitates the standardization and unification of products and services of the companies included in the system of franchising provides unity on market events, style and design, the quality of goods and services sold the centralization of procurement related savings (and the additional benefit to the franchisor). Advantages of franchising mode are following (Kotler, 2002, p. 377): Rapid expansion of sales markets, the increase in sales volume and the territorial expansion of the business Absence of the cost of the vertically-integrated network management (reduction of personnel costs) A lower level of own capital investment Lift the prestige of the company and its trademark, recognition from the customers, increased confidence in the quality and range of products a single company Income from the sale of the license and renting real estate franchise and equipment Profit from lending opportunities franchisees and reducing the time of turnover. Disadvantages of franchising mode are following (Kotler, 2002, p. 377): The likelihood of a smaller part of the profits from the franchise business than on their own Low reputation of one of the franchises in the absence of proper quality control can affect the reputation of the firm; Difficulty in controlling the reliability of financial reporting franchisee The franchisor is preparing a possible competitor in the face of franchisee company Joint ventures Joint ventures are often created for access to foreign markets, company’s decision to team up with their foreign partner, sharing ownership and control over the activities of the company. In world practice, there are many examples of well-known association of firms and corporations to tap new markets and gain competitive advantage. Creation of a joint venture may be the preferred method of access to foreign markets for the following reasons: 1. If the company lacks the financial, technological, managerial and other resources for self-development in foreign markets 2. If the government does not admit to its market foreign companies or subsidiaries without the participation of local capital for some political or economic reasons; 3. When the company, for economic reasons, team up with a foreign company for the joint production, the sale of which will provide the company higher profits due to the low cost of use of local resources (labor, raw materials, etc.) However, with all advantages of the using joint venture as entry mode for entering and presenting on the international market there are a few problems, the main ones are (Kotler, 2002, p. 377): 1. Contradictions between the partners in the joint venture what may be related to different points of view on the use of the profits of the enterprise, management and implementation of marketing activities, areas of investment, and etc.; 2. The need for a strong partnership in the creation and funding of the joint venture may hamper the implementation of the transnational corporation its own, universal for all countries production and marketing policy. Foreign direct investment The most complete form of the involvement of a foreign market is the investment of capital in the creation own overseas assembly and production plants. The meaning of direct foreign investment is defined by the so-called concept of control. The main idea of this mode of entry is that a foreign investor investing in the purchase or construction companies abroad controls further management decisions in this venture. And he does not have to have a 100% ownership interest in it; even a small percentage of shares may be sufficient to establish control over decision-making (Kotler, 2002, p. 378): On the other side, even all shares do not provide absolute control: if the government dictates whom the company should hire, distribution of revenue, what should company sell and at what price. However, usage of this foreign market entry mode includes several advantages (Kotler, 2002, p. 378): 1. All the profit from investments belongs to the company and it can use it at its own discretion, carrying out their own long-term production and marketing strategies; 2. The firm can increase its profits thought gaining working experience in a large international market with the help of usages local cheap raw materials, labor, saving on transportation costs, etc., as well as expanding sales and conducting effective marketing activities; 3. Paying taxes to the budget of the foreign state and creating jobs, the company can secure a favorable image in government and among the population; 4. Due to establishing close favorable relations with suppliers, distributors, agents and customers the company can better adapt its products, services and marketing programs to the characteristics of the foreign market, thus constantly improving its competitiveness. Direct investment capital to the foreign market is carried out in two forms: the export of venture capital and loan capital. Venture capital imported into the international market in the form of direct and portfolio investment. Direct investment involves the purchase or acquisition of the total local company’s controlling stake. Portfolio investment means buying shares of local companies that are insufficient to establish control over them. Loan capital is loans provided by states, companies, banks, administrative regions, municipalities, etc. Loans divided on two groups: short-term (up to two years) and long term (over two years) (Kotler, 2002, p. 378).

Ruby Archuleta and Amarante Cordova Define Community Essays -- Milagro

Ruby Archuleta and Amarante Cordova Define Community Community is defined as a group a people living in an area under the same conditions. Realistically, a community is so much more than this definition. It is people and their different beliefs that form a community. In the town of Milagro, Amarante Cordova, Ruby Archuleta, and a town coming together to rescue a fellow community member from jail exemplify the true spirit of what community is. Ruby Archuleta makes the biggest difference in bringing the community together. Ruby is the only member of the community to take intuitive and start fighting for the rights of the Milagro citizens. While everyone is waiting around to see what will happen, Ruby gets to work. She understands that the first step in defeating the greedy endeavors of Ladd Devine will be to seek legal advice. Ruby gets Charlie Bloom to write up a petition and explain the water laws to the disorganized people of Milagro. Another example of Ruby’s commitment to the community is her devotion to get the petition signed. The petition is to stop the buil...

Film Analysis of The Lady Eve Essay

The Lady Eve is a film, which tells the love tale of unlikely couple who meet each other in one of their trip on a Luxury Liner. The movie was released way back 1941 in the United States, directed by a multi-talented Director â€Å"Preston Sturges† and was written by a great dramatist â€Å"Monckton Hoffe†. In general, the lady eve is a romantic comedy film, filled with different twists and turns, on which gives a picture of an extra ordinary love story of two individuals living in a totally different world. With the depicted differences in the storyline, the plot of the movie is definitely interesting and exciting. (Star Pulse) Although, the movie Lady Eve, by Preston Sturges, did not achieve major success to garner movie awards and honorable recognition in film festival, apart from the nomination for Academy Awards – Best Writing and Original Story. The film still receives a bunch of positive feedback from credible movie critic in different generation, on which the director, artists and the rest of the people responsible for the movie had received positive recognition from the viewers of almost every generation for the film â€Å"The Lady Eve†. (Star Pulse) In the year 1994, the movie Lady Eve was acknowledged as socially, aesthetically and historically significant by the â€Å"United States National Film Registry†, on which the movie was selected for preservation by the â€Å"Library of Congress† for its social and moral importance. Nevertheless, the Lady Eve film was a wonderful work of art, that gives a fair picture of romance and comedy love tale, which mirrors a true to life situation of love and journey. (Star Pulse) Talented actors and actresses, on the other hand, had been pivotal on the outcome of the movie. The cast of the movie is set with bunch of – talented, effective, actors and actresses. Reputable actress, â€Å"Barbara Stanwyck† had played the lead role as Jean Harrington and a multi-talented film and stage actor â€Å"Henry Fonda† portrayed the leading man role as Charles Pike. In the movie, Barbara Stanwyck and and Charles Pike had played great music, on which they complement each other with their role and make the movie more appealing and exciting to watch. Nonetheless, the movie Lady Eve is one of the most humorous film way back the World War II era, on which a survivor of ever changing taste of the movie critics and audiences. (Star Pulse) Moreover, the Lady Eve is a thematic romance and comedy film. It tells the tale of two strangers with different outlook in life, bind together of their fate when they meet at a Luxury Shipping Line in one of their travels. Jean Harrington is a con artist who lives with her father â€Å"Colonel Harrington†, on which she falls in love with a guy she met on her travel. Charles Pike, on the other hand, is a rich and decent man – a philologist, who stayed in Amazon for a long period of time for his study on snakes. The movie takes place in a ship, when Jean Harrington is on a travel with her father heading back to New York, sharing the same luxury ship with the unsophisticated guy Charles Pike, who is on his travel back to the United States after his long stay in Amazon for his studies. In the ship’s dinning, Jean Harrington had saw Charles who is at that time reading a book, entitled â€Å"Are Snakes Necessary†. This scene is really funny, as Jean showed up her attraction to Charles Pike, when she trips Charles on purpose to drive his attention. This scene had been the start of the romance and comedy, on which Jean and Charles had fall to each other. In the story, snakes had been the sexual symbol that is the start of romance scenes between the two lead characters. Truthfully in love as they are, Jean and Charles, had several misunderstanding and broke up with each other. The movie is filled with romance and comedy scenes where it depicts the journey of Jean and Charles as a lover that later on succeeds in pursuit of their love. Nonetheless, this movie is totally a thematic romance and comedy film that tells the difficulties and happiness of an extra ordinary love story. In the end, Jean Harrington and Charles Pike had survived the challenges of love, despite the many differences that threatens their relationship, they managed to surpass and live with each other in-love. After all, the movie has a great opening and ended as one of the superb romantic comedy love tale, the movie industry had. It can be argued that comedy is the true theme of the movie Lady Eve. The movie is amazingly funny, on which almost every scenes is a depiction of comedy acts that is definitely satisfying – it brings me to laughter. No doubt, the Lady Eve is a product of humorous mind that depicts funniest twists and turns in its story. Definitely, most of the scenes in the movie contribute to address properly the theme of the movie. One of those scenes is the opening scenario, on which Jean trips Charles on purpose when she broke her heel to attract the attention of Charles. It possibly funny, due to the fact that Barbara Stanwyck, had turned to be an effective comedy actress in her role in the movie. Another one is the scenes where snake serve as the sexual metaphor. It is many to mention specifically what scene, however, parts in the movie definitely contributes to address the true theme of the movie. The elements of the movie, on the other hand; which are divided into five, are effectively connected with each other to complete the theme. The narrative of the movie is chronological, on which the setting and plot of the film is according to the present time when it was produced. The movie depicts, the same era of the forties and is produced according on the order of time, during the 1940’s in the United States. Artist’s performance on the other hand showcases a superb portrayal of a role that is realistic and effectively funny. Major actors and actresses, mostly Barbara Stanwyck and Henry Fonda had been real with their portrayal of their role, on which they have been effective to be funny mostly in critical scenes in the movie. Nonetheless, the casts of the movie acts accordingly with the progress of the movie. Also, cinematography plays a pivotal role in the whole essence of the movie. It is the defining factor of certain scene, on which proper lighting and appropriate camera angle adds more emotion on the scene. In the movie Lady Eve, the cinematography is amazingly brilliant that supported the emotional aura of every scene in the film. One of my personal choices of cinematography in the movie is the scenes which involves Charles and his snakes. The camera angles are perfect – I admire the detailed angle of the snakes, and the lighting definitely sets the mood of that specific scene. With the aspect of editing, the editors had their job well done, as they apply appropriate transition of every scene that depicts on the movie. Each scene is well expressive, with the help of correct transition of every camera shots, from one angle to another. Nevertheless, the editing of the movie was wonderful, I admire the way the editors used â€Å"fade in, fade out† technique for the appropriate transition of each scene, which particularly interesting of the whole editing of the movie. In the art direction and design are perfect, as the directors and the rest of the crew had used proper – locations, effects, props, costumes and make up in the movie. The locations of every scene are perfect, which make every scenario organized with the actual time. Effects, props and costumes, on the other hand, are effective to make the scenes realistic and effective to imply proper emotions. All the funny and comedy scenes in the movie, however, are the definition of the style and strategy of the director, on which these scenes are definitely filled with humorous mind of director Preston Sturges. I personally like this movie, because of two main reasons. First is â€Å"humor†, I personally like the film on its humorous scripts which every funny scene are depictions of superb humor that brings me to laughter. Secondly, I personally like the movie because of its profound portrayal of comedy, on which every scene is a depiction of humor that at any moment funny thoughts will pop out in the script. After all, the movie Lady Eve is film filled with clear scripts and funniest scenes, which is definitely one of the finest movie in forties. Works Cited Star Pulse (2008),The Lady Eve Review: Retrieved May 8, 2008 from http://www. starpulse. com/movie/The_Lady_Eve/V28051/0/5/

Sports Impact On Sports - 1408 Words

After less than 30 minutes of play the under-20 Chinese national football team vacated the pitch in protest, signaling an early end to the first in a series of 16 friendly matches. The unfurling of four Tibetan flags, and accompanying free Tibet chant, were provocations manager Sun Jihai could not ignore. Had he done so, the incident would have merited little more than a paragraph on an otherwise ordinary fourth division game. Instead, the demonstration, as well as future game plans, became the topic of debate on talk shows in Germany, Asia, and with football fans worldwide. How we got to this point is an intriguing story. China is making inroads on the global sporting landscape, and part of that strategy is endeavoring to learn from†¦show more content†¦It is doubtful the protesters knew just how impactive and successful their act would become. The incident took on heightened international significance when Chinese Foreign Ministry spokesman Lu Kang made note of the game during a press briefing. We are firmly opposed to any country or any individual offering support to separatist, anti-China and terrorist activities or activities defending Tibet independence, in any form or under any pretext.† Kang admonished German authorities as well, I must stress that mutual respect is what the official host should provide their guest, and that respect between any two countries should be mutual. The Global Times newspaper, seen as an arm of the Chinese communist party, backed the manager’s decision in their editorial citing FIFA regulations restricting political banners at games. â€Å"China’s national junior team handled themselves correctly, demanding that German authorities take action against the flag of advocates of Tibetan independence. The German authorities should be ashamed that they did not have control in the stadium.† Minister Lu Kang’s remarks did not receive a response from German government officials, but fueled further media debate causing regional soccer president Ronny Zimmerman to reassess his initial statement of support. He saw no merit in the Chinese rebuke, â€Å"We cannot ban the protests, there is the right to freedom of expression here andShow MoreRelatedSports And Its Impact On Sports Essay962 Words   |  4 Pagesother International sport competitions has catalyzed the sports scientists to take interest in exploring all the aspects and possibilities that can contribute to enhance sports performance to an greater heights. In sports primary motive is to win the game by following set of rules. By playing within these rules one s character is developed. What matters in the sports is how the player handles victory and how to handle the disappointments that comes with the defeat. 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